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Question

Simple interest paid for 2years on a sum of Rs25,500 borrowed at 8.5%p.a.is Rs


A

Rs3932

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B

Rs4250

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C

Rs3225

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D

Rs4335

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Solution

The correct option is D

Rs4335


Given ,

P=Rs25,500R=8.5%p.a.T=2yearsSI=P×R×T100=25500×8.5×2100=Rs4335

Hence, the simple interest is Rs 4335.


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